By Andrei Skvarsky.
Renaissance Capital has made three hires for a new office that the Russian investment bank is due to open in Dubai later this summer, and plans more recruitments for it.
Ahmed Badr has been hired from Credit Suisse as chief executive of the office and head of equities for the Middle East and North Africa (MENA), RenCap said in a statement.
Omar Darwish, who also arrives from Credit Suisse, joins as a MENA-focused sales-trader and execution trader.
Omair Ansari, who several months ago left Dubai-based emerging markets investment bank Arqaam Capital, will be a research analyst for MENA and frontiers.
Darwish and Ansari will spend two months atRenCap’s London office before relocating to Dubai.
Badr, who has 10 years’ experience in MENA financial markets, joined Credit Suisse in 2008 from Cairo-headquartered investment bank HC Securities & Investment, where he was a senior analyst covering real estate and construction.
He will report to Ben Samuels, global head of equities at RenCap.